it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see you. i can't see the snowcapped mountains in the background, but i'm sure they are there. >> you can't? come on. they're there. they're there. i promise. >> i believe you. >> i promise. >> i want to ask you, andrew, what is the view from davos? >> colder, by the way, in new york than here, apparently. what did you say, alex? >> that's the climate change block that we'll keep you on for later. in terms